There are many potential things that can go wrong when recording title, and these errors can have a huge impact on future property owners. In this article, we are going to discuss some of the common errors we see during the title recording process.
Inaccurate Legal Descriptions
Inaccurate legal descriptions are perhaps the most common errors we see in the real of title recording. If legal descriptions are inaccurate, incomplete, or missing, they will likely be rejected by the county recorder. This underlines the importance of thoroughly reviewing the legal descriptions and comparing them to the prior recorded documents to ensure everything is in order.
Incorrect Tax Calculations
If the mortgage or deed tax on the property is incorrectly calculated, it can lead to recording issues. Pay attention to these details and make sure these calculations are correct. It’s also important to verify which county you need to submit your documentation to, especially if your city sits on the border of two counties. Make sure to verify this information before submitting your documents.
Missing or Inaccurate Marital Status
In Minnesota, non-title spouses have certain real estate rights that need to be addressed when dealing with title insurance. That’s why it’s important to list the accurate and up-to-date marital status of the granter. When there is missing or conflicting information regarding marital status, it can lead to issues.
Commercial Title Insurance Company
Commercial Partners Title provides commercial title services to clients throughout the state of Minnesota and across the country. For decades, we have been providing unparalleled service to our clients and have built up a reputation for being experts in commercial transactions. If you are searching for a title company for your commercial transaction, look no further. Contact the experts at Commercial Partners Title Company today to learn more about our services and see how we can help with your next commercial transaction!